Mynaric Seeks Additional Funding Amid Financial Reorganization

Mynaric AG, a leader in laser communication technology, is in negotiations with its primary lender for additional funding. This effort aligns with a financial reorganization under Germany’s StaRUG framework. The company aims to extend a maturing US$16.5 million bridge loan and secure further capital to support ongoing operations and production expansion. This funding is contingent on initiating StaRUG proceedings, a move that could potentially impact shareholder investments.

Amid these developments, Mynaric has postponed its annual general meeting initially slated for December 11, 2024. The company will schedule an extraordinary general meeting to address the consumption of its share capital. Details regarding the rescheduled AGM will be communicated in due course.